Northwestern Mutual Wealth Management Co. Boosts Stake in iShares U.S. Basic Materials ETF $IYM

Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 129.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 155,343 shares of the company’s stock after buying an additional 87,723 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 2.47% of iShares U.S. Basic Materials ETF worth $23,917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tcfg Wealth Management LLC bought a new position in shares of iShares U.S. Basic Materials ETF during the 3rd quarter valued at $4,901,000. Three Seasons Wealth LLC bought a new position in shares of iShares U.S. Basic Materials ETF during the 4th quarter valued at $5,125,000. Sovran Advisors LLC grew its holdings in shares of iShares U.S. Basic Materials ETF by 18.4% during the 4th quarter. Sovran Advisors LLC now owns 4,248 shares of the company’s stock valued at $724,000 after purchasing an additional 661 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in shares of iShares U.S. Basic Materials ETF during the 4th quarter valued at $86,000. Finally, Park Avenue Securities LLC grew its holdings in shares of iShares U.S. Basic Materials ETF by 7.0% during the 4th quarter. Park Avenue Securities LLC now owns 3,710 shares of the company’s stock valued at $571,000 after purchasing an additional 243 shares during the last quarter.

iShares U.S. Basic Materials ETF Stock Performance

IYM stock opened at $176.29 on Wednesday. iShares U.S. Basic Materials ETF has a 52 week low of $131.87 and a 52 week high of $189.80. The firm’s fifty day moving average is $179.29 and its 200 day moving average is $168.19. The firm has a market cap of $1.53 billion, a P/E ratio of 22.43 and a beta of 0.96.

iShares U.S. Basic Materials ETF Profile

The iShares U.S. Basic Materials ETF (IYM) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a broad, market-cap-weighted index of US basic materials companies that includes raw materials such as metals, chemicals and forestry products. IYM was launched on Jun 12, 2000 and is managed by BlackRock.